• Elksourcing:6 Common Mistakes for Sourcing in China

    Over our over ten-year experience of sourcing in China, we have come across some manufacturing nightmares that have happened in China. Here are 6 common mistakes we want to share with you. 1) Picking your partner based solely on price This is by far the most common and most disastrous mistake we see. And it’s easy to see why. In a world where incremental margin shifts can literally make or break profitability, it’s important to be price sensitive. But it’s also important to be price-savvy. Extremely low prices should generally serve more as a red flag than as an enticement. Cheap prices are often accompanied by cheap products, unresponsive vendors, or defective or hazardous materials. This is what many jaded entrepreneurs and small business owners have termed as, “The China Cost of Doing Business.”  2) Failing to verify your partner’s experience  When searching out a knowledgeable and reliable sourcing partner,…

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